#117 111 Edwards Dr SW

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$150,000

#117 111 Edwards Dr SW

Ellerslie, Edmonton · MLS® E4511398

959 sq ft · Condo · Single Family · built 2006 · 22 days on market

listed by Shammi Dhaliwal, Century 21 All Stars Realty Ltd

realtor's description

Welcome to the Park Place Ellerslie Court, which is conveniently located along Ellerslie Road, with close proximity to public transit, shopping, recreation, schools, and so many other amenities. This 2 Bed, 2 Bath, main floor corner unit offers an abundance of natural light, featuring a large open concept living area which adjoins to your spacious kitchen. Walk out onto your wrap around, large patio which has a rock feature to offer privacy during the summer BBQ season! Two spacious bedrooms, 1 ensuite & in-suite laundry/storage make this the perfect property for first time home buyers & investors. The unit comes with 1 titled, outdoor parking stall.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 959 sq ft
parking: 0
year built: 2006
strata fee: $545 / mo ($0.57 / sq ft)
days on market: 22
MLS®: E4511398

features

No Animal Home
No Smoking Home
Refrigerator
Dishwasher
Stove
Hood Fan

city assessment

$174,500

2026 assessment · market value as of July 1, 2025

Up 5.8% from $165,000 in 2025
$202,000 in 2016 (-14% over ten years)
Asking price is 14% below the assessment
Built 2006
Lot 99 m² (1,064 sq ft)
Floor area on the roll 974 sq ft

roll year	assessed
2026	$174,500
2025	$165,000
2024	$146,000
2023	$148,500
2022	$156,500
2021	$159,000
2020	$155,500
2019	$167,000

From City of Edmonton open data (property assessments), matched to #117 111 EDWARDS DRIVE SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $1,808 a year

The 2026 assessment times Edmonton's 2026 residential rate of 10.36 per $1,000 (municipal and education).

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$1,198/mo

Mortgage $654 · Strata $545

20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$654/ monthly

loan $120,000

25-year amortization

down payment20% · $30,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $76,061
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $30,370; down + land title fees
total paid: $196,061

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,600/mo
after all costs: $239/mo
cap rate: 7.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $654 · strata $545 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Edmonton: CMHC's average there ($1,598) raised by what new tenants pay against everyone in the Edmonton area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca